Ba Cinton reportedly was paid $15.0 miliion to write his book My Life. The book took three years to write. In the tine he spent writing, Clinton could have been paid to make speeches. Given his popularity, assume that he could earn $8.7 milion per year (paid at the ond of the year) speaking instead of writing. Assume his cost of capital is 9.7 tha per year. a. What is the NPV of agreeing to write the book (ignoring any royally payments)? b. Assume that, once the book is finished, it is expected to generate royaltes of $4.8 milion in the first year (paid at the end of the year) and these toyalies are expected to decrease at a rate of 30% per year in perpetuly. What is the NPV of the book with the royaty payments? a. What is the NPV of ageeing to write the book (lanoring any royaly poyments)? The NPV of agreeing to write the book (anoring any foyalfy paymenta) is 5 (Round to the nearest dolla.)